Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
@viable. I'm up to my neck in Souc, and have a bit running with PTAL. This side of the pond I was in IOG but got out due to the difficult ownership structure which seemed to be negatively impacting shate price. The management there also seem accident prone..
I took a battering on my holding in SQZ when the UK decided to impose their windfall tax but hope to ride that out as they will be important players in satisfying UK energy demand this year and with Freeport down European gas prices are surging. SQZ management seem confident they can exploit investment incentives to offset the tax on profits.
From the Stockhouse forum across the pond.
"i was doing more DD on SOU and the next 2 wells are bigger, this first one GH19-3 #2 has 41 fracks, GH19-3 #3 has 44 fracks and GH 19-3 #4 has 50 fracks stages, i think the future is looking very bright here. and i am betting on it".
Could be a decent re-rate coming soon to compensate for the recent market sentiment drop.
If they decide to release info on 14 day flows we are probably looking at 23rd/24th so end of this week or potentially running over into Monday of next week. If they decide to hang on for 30 day flows we will be waiting into June.
SP is currently being pulled down by the henry hub gas price which is responding to the reduced LNG export capacity associated with the fire damage at the Freeport terminal. My sense is the drop in gas pricing has been overdone since Freeport is aiming to restore capacity in September, just in time for peak demand out of Europe where prices remain on an upward trend.
Back above $8 would be a nice start and should see a bit of a recovery on the tsx this afternoon.
@Viable.
Recommend you short ter temper expectations for the H2 economy. Current electrolyser technology is a very long way from being scalable to meet the needs of heavy industry (chemicals, steel, cement). These are all huge emitters of CO2 and the formative H2 sector will only reduce their emissions marginally in the coming 2-3 decades. These industries are keen to avoid cost of CCS which is still the most realistic option for them to reduce emissions. Their positive comments about H2 should be taken with a very large dose of scepticism.
Thank you Tom.Saved me the effort of replying to his nonsense.
It's particularly noticeable that he does not comment on the TSX volumes being 10 times their norm yesterday (and significantly higher than the volumes traded in London). Could that be because TSX share price finished the day up 17%?
Mr HKInvestors agenda and his denial of SOUC'S potential couldn't be more transparent.
Maybe HKInvestor should read the latest comments on SOUC at the end of the section in the latest Malcy's blog. Which I link here for his education.
https://www.malcysblog.com/2022/06/oil-price-kistos-chariot-southern-and-finally/
I will be surprised if London does not continue to follow the lead of the TSX and I will be surprised if London does not finish today significantly higher.
@ Viable.
Congrats and a thanks too as started to research SOUC due to some of your remarks in here.
£1 per share coming soon.
The RNS is a very encouraging read. The future looking good for SOUC. Expect to see further significant gains in SP over the coming days.
Touched $1.28 (81.5p) on the TSX yesterday. With Gwinville results imminent there is more to come from the SOUC SP.
A very upbeat review of SOUC's future.
'This is early days in my coverage of Southern but I recently met over Zoom with the management and I was most impressed. I have put the whole statement above for those who, like me need to see all the numbers right now. I expect to see a sharp rise in revenue and cash flow in the second half of this year with the Gwinville wells coming onstream with more to come.
Southern is a conventional play in the Cotton Valley in the US Gulf Coast, expect plenty more on the acquisition front, building significant cash flow and in due course regular dividends'
Full coverage here:
https://www.malcysblog.com/2022/05/oil-price-southern-energy-reabold-and-finally/
Encouraging 1st Q results out today. Year on year highlights include;
Adjusted operational cash flow more than doubled to $2.2 million from 1.0m
Capex up to $6.8 million from 0.05
Assets increased to 48.5 million from 29
Net debt down to $10.7 million from 22.5.
First of the 3 new Wells at Gwinville now online and producing with other two following imminently. Initial production from these new Wells to be announced in a few weeks time. Souc anticipating 'material production increases'
Would be nice if Toronto heads back to $1.20 (or higherr) this afternoon and drags LSE with it!
High volumes yesterday so you do get the sense they know something. Gas price today just adds to the positives here.
Henry Hub price up another 2% this morning. Edging back towards recent highs.
Up 3% so far today. Expectations of disruption to Russian Gas flow to Europe from today as Russian troops disrupt operations of key Ukranian pipeline.
Another reason why the upward trend in gas pricing is unlikely to change in the next year or two.
@ Mole.
The absence of TR1 is striking. It is very nearly 2 months since the last one and my sense of things, based on the numbers of large round number sells is that institutional holder(s) have been selling at a rate of roughly 250k shares per day. If my impression is reasonably 'correct' it would mean a single II, acting on its own would sell off 1% of the shareholding every 2 to 3 weeks. Either there are several large holders in sell mode or someone is shorting the SP? Hard to explain the relentless sell off with no TR1 otherwise?
My guess is they are assuming normal trading conditions but is that a reasonable assumption when ~30% of the companies shares are in the hands of administrators? The fundamentals (financial) promise much, but it seems the many uncertainties associated with LOG outweigh those and seem to deter new II's so the ongoing profit taking is acting to drag the share price down. There's no doubt that since first gas IOG must be in the bottom quartile performer's in the sector. Last 5 days IOG down 12%. Others are up 25%!
Happy I recently switched some of my IOG investment to SOUC. It is flying with recent broker targets of 3× current shate price. I have recouped most of recent IOG downturn but still retain some shares here (sentiment beating sense?). SOUC worth a look but DYOR.
What rumours?
@Peak.
It all defies logic and is hugely frustrating. I finally succumbed and switched some of my holding into SOUC this morning. Felt the need to remind myself what a blue day looks like!
Still holding here but it does feel like there is no immediate end to the sell off in sight. Made a bit on Souc already today so can always use dome on that profit to average down here.
By the way, unless I'm mistaken the LOG sell down was pretty much coincident with first gas. That seemed to set the ball rolling.
Given the persistent downward pressure on the SP I wonder how many of the II's are selling? Looking at the daily figures and assuming the big 'round number' sells are mainly II's I would have thought a TR1 would be imminent unless the selling is a wider trend than I had imagined?